14 oz. Kraft caramels
3 tbsp. water
1 c. peanuts
5 c. Rice Krispies
6 oz. chocolate chips
6 oz. butterscotch chips or peanut butter chips

Melt caramels with water in double boiler over low heat, stirring frequently until smooth. Pour over cereal and nuts. Toss until well coated. With greased fingers, press into 9 x 13 inch pan. Sprinkle chips on top. Place in 200 degree oven for 5 minutes or until chips soften. Spread chips until well blended to form frosting. Cool. Cut into bars.